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Rally Needs TO Sustain A..........>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Rally Needs TO Sustain A A$1.5235-A$1.5236 Break
*RES 4: A$1.5319 Alternating hourly support/resistance
*RES 3: A$1.5307 1% volatility band
*RES 2: A$1.5273 61.8% Fibo of A$1.5393-A$1.5080
*RES 1: A$1.5235/36 Oct 31 high, 50% of A$1.5393-A$1.5080
*PRICE: A$1.5237 @ 2211GMT
*SUP 1: A$1.5190/02 Hourly base Nov 10, Nov 9 high
*SUP 2: A$1.5175 Nov 7 high, now support
*SUP 3: A$1.5159 Initial rally high Nov 10, now support
*SUP 4: A$1.5137 Nov 10 low
*COMMENTARY: The recovery continues, most latterly challenging combined
resistance from the Oct 31 high at A1.5235 and the 50% Fibo retrace level at
A$1.5236. A high of A$1.5243 so far but will need to maintain this break, before
confidence in a further A$1.5273 recovery will surface. In the interim, support
rises to A$1.5202-A$1.5190. A loss of the latter will spoil immediate upside
momentum and call for some downside correction. 

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